De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Bentonville, United States
Retail
Walmart to Spend Another $428 Million on Employee Bonuses
The retailer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
Walmart to Spend Another $428 Million on Employee Bonuses
The retailer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
Retail
Walmart Partners With Shopify to Expand Online Marketplace Business
The American retailer aims to add 1,200 sellers this year to double down on the coronavirus-fuelled surge in e-commerce sales.
Walmart Partners With Shopify to Expand Online Marketplace Business
The American retailer aims to add 1,200 sellers this year to double down on the coronavirus-fuelled surge in e-commerce sales.
News & Analysis
Walmart Received Outside Interest in JetBlack Unit
The discussions come amid a broader reorganisation of Walmart’s money-losing e-commerce unit, bringing it more firmly under the control of the retailer's core stores division.
Walmart Received Outside Interest in JetBlack Unit
The discussions come amid a broader reorganisation of Walmart’s money-losing e-commerce unit, bringing it more firmly under the control of the retailer's core stores division.
Retail
US Agency Says Walmart Likely Discriminated Against Female Workers
The world's largest retailer allegedly discriminated against 178 female workers by paying less or denying promotions or both because of their gender.
US Agency Says Walmart Likely Discriminated Against Female Workers
The world's largest retailer allegedly discriminated against 178 female workers by paying less or denying promotions or both because of their gender.
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Retail
Walmart Explores ModCloth Sale
According to Modcloth Chief Executive Silvia Mazzucchelli, the Walmart-owned company is 'in the process of exploring potential opportunities' in response to interest from buyers.
Walmart Explores ModCloth Sale
According to Modcloth Chief Executive Silvia Mazzucchelli, the Walmart-owned company is 'in the process of exploring potential opportunities' in response to interest from buyers.
Retail
Walmart's Online Unit Hunts for New Executive as Losses Pile Up
While the retail giant's online business has been growing, it continues to be in the red, with expected losses of about $1.7 billion this year.
Walmart's Online Unit Hunts for New Executive as Losses Pile Up
While the retail giant's online business has been growing, it continues to be in the red, with expected losses of about $1.7 billion this year.
Retail
Report: Walmart Has Discussed Selling Bonobos and Modcloth
Both clothing businesses, which were acquired by the American retail giant in 2017, are unprofitable, according to a report by Vox.
Report: Walmart Has Discussed Selling Bonobos and Modcloth
Both clothing businesses, which were acquired by the American retail giant in 2017, are unprofitable, according to a report by Vox.
News & Analysis
Walmart to Invest $1.2B in China to Upgrade Logistics
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
Walmart to Invest $1.2B in China to Upgrade Logistics
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
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News & Analysis
Walmart to Integrate Jet Employees as Unit's President Exits
Changes include the departure of Jet president Simon Belsham, who will seek another opportunity inside or outside the company.
Walmart to Integrate Jet Employees as Unit's President Exits
Changes include the departure of Jet president Simon Belsham, who will seek another opportunity inside or outside the company.
Marketing
Walmart to Make First Direct Pitch to Corporate Ad Buyers
The planned meeting with large consumer goods brands marks the retailer's first effort to grow its nascent advertising business and challenge online ad leaders.
Walmart to Make First Direct Pitch to Corporate Ad Buyers
The planned meeting with large consumer goods brands marks the retailer's first effort to grow its nascent advertising business and challenge online ad leaders.
Marketing
Amazon Has a Big Advertising Business. Walmart Wants One Too
Retail giants are arguing that, while Facebook might know what customers like, and Google might know what they want, but only they know what they actually buy.
Amazon Has a Big Advertising Business. Walmart Wants One Too
Retail giants are arguing that, while Facebook might know what customers like, and Google might know what they want, but only they know what they actually buy.
Retail
Walmart Expects Fastest US Sales Growth Next Fiscal Year
The retail giant expects some of its fastest sales growth this decade as it draws in more digital customers in its turf war against Amazon.
Walmart Expects Fastest US Sales Growth Next Fiscal Year
The retail giant expects some of its fastest sales growth this decade as it draws in more digital customers in its turf war against Amazon.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.